Another crazy accumulation by the Bitcoin whale Strategy pushes the global listed companies' Bitcoin holdings to a staggering $80.4 billion.

Strategy once again shocks the crypto world! On July 22, the giant led by Bitcoin extreme bull Michael Saylor announced: a single week purchase of 6,220 BTC, spending $739.8 million. This is a further bet after buying 4,225 bitcoins the previous week. The average purchase price reached $118,940, showing their disregard for short-term volatility, aiming for the long term.

At this moment, the Strategy's Bitcoin treasury has expanded to 607,770 bitcoins, with a total value exceeding $72 billion. Even more astonishing is that its average cost is only $71,756, with unrealized profits approaching $28 billion. This figure exceeds the foreign exchange reserves of most countries!

01 Funding engine: The 'perpetual motion machine' model of equity financing

Saylor's financing strategy has formed a precise closed loop: sell stocks → buy BTC → stock price rises → sell stocks again → buy BTC again. This $739.8 million ammunition almost entirely comes from stock sales:

  • Sold 1,636,373 shares of MSTR common stock, cashing out $736.4 million (99.5%)

  • Small sale of STRK, STRF, STRD preferred stocks, raising $3.9 million

This operation has triggered polarized evaluations in the market. Supporters praise it as 'Wall Street's smartest Bitcoin leverage game', while critics warn of equity dilution risks. But the data gives a brutal answer: MSTR's stock price has soared nearly 50% this year, with a market value reaching $121.6 billion, becoming the brightest presence in the U.S. stock market.

02 Institutional FOMO wave: $953 million in crazy purchases in a single week

Strategy is far from fighting alone. Last week, global listed companies' net Bitcoin purchases reached $953 million, sparking a storm of institutional buying:

  • French foundry Sequans Communication: Invested $150 million to buy 1,264 BTC, with holdings reaching 2,317 bitcoins

  • UK digital advertising company The Smarter Web: $36.1 million increase of 325 bitcoins, total holdings of 1,600 bitcoins

  • U.S. healthcare provider Semler Scientific: $25 million purchase of 210 bitcoins, with holdings approaching 5,000 bitcoins

The total Bitcoin reserves of global listed companies have reached 681,680 bitcoins, worth $80.4 billion, accounting for 3.43% of Bitcoin's circulating market value. While mainstream financial media are still debating Bitcoin's value, savvy companies have already voted with real money.

03 Market nuclear explosion point: Is Saylor's 'death spiral' forming?

Saylor's tweet 'Stay Humble. Stack Sats' triggered a frenzy of market interpretation. His strategy is forming a self-reinforcing market effect:

Each additional share announcement → triggers BTC price increase → boosts MSTR stock price → enhances financing capability → reinvests in BTC

This cycle leads to: Strategy's Bitcoin holdings have a projected yield of 20.8% by 2025, outperforming most traditional assets. Technical indicators also send dangerous signals: Bitcoin formed a bullish triangle flag after breaking $123,000, indicating a potential larger price surge.

04 Hidden danger: The sword of Damocles behind high leverage

While everyone is intoxicated by $28 billion in paper profits, risks are growing in the shadows:

  • Bitcoin price volatility amplifier: If BTC pulls back 30%, Strategy's paper loss will exceed $10 billion

  • Preferred stock dividend pressure: The newly issued STRC 'Stretch' preferred stock requires a payment of 9.5%-10% annualized dividend, greatly increasing cash flow pressure

  • Regulatory sword hanging high: SEC's review of listed companies' accounting treatment of crypto assets is becoming increasingly strict

'Strategy has transformed from a software company to a Bitcoin-themed leveraged ETF,' a hedge fund manager bluntly stated, 'buying MSTR is like leveraging a bet on BTC's rise.'

Sentiment analysis: The last time window for retail investors

As Saylor continues to buy at an average price of $119,000, when the weekly net purchases by listed companies exceed $953 million, and when 3.43% of Bitcoin's circulating supply is locked by institutions—cheap chips for retail investors are disappearing at lightning speed.

The market is about to face a key turning point: if Bitcoin breaks through the $123,000 flag upper track, it will aim for $150,000 according to measured targets. Meanwhile, Strategy's equity financing machine is ready for a new round of ammunition, and the newly issued STRC preferred stock will open the door to larger scale purchases.

History does not repeat itself, but it often rhymes. When institutional FOMO replaces retail FUD, the final battle of the bull market has quietly begun.

At this moment, it's either get on board or be crushed under the wheels of history.#Strategy增持比特币